“AGRICULTURAL ENTREPRENEURSHIP AS A LATEST TREND”

K.Sindhuja, Assistant Professor,

Sankara Institute of Management Science

Introduction:

Agricultural entrepreneurship is gaining traction and obtaining additional support from universities and industries. Whereas most up-to-date agricultural start-ups target producers who have opportunities for higher serve investors and agricultural professionals. Higher knowledge management helps agricultural production and management to be a possible supply of recent ideas. Despite the challenges, the agricultural property professionals ought to be additional responsive to newer knowledge, tools, and technologies brought by these innovative corporations. In addition, automation, computing, and sensors can gift important opportunities for brand new start-ups.

Agriculture has invariably been referred to as the backbone of the Indian economy, supporting the livelihoods of the bulk of the population. Though Asian country features an important presence internationally in terms of production of key cereals, pulses, fruits, vegetables, and animal merchandise, at an equivalent time, productivity is fairly low.

Agro technology start-ups area unit is an meaningful answer across the agricultural worth chain and maybe within the style of a product, service or associate application. We’ve determined good growth of Agri start-ups within the country in 5 focus areas: offer chain, infrastructure development, finance, and connected solutions, farm knowledge analytics, and data platforms. Offer chain start-ups generally involve those operating in e-distribution, e-marketplace and a number of other linking platforms. The infrastructure developer subcomponent, for the most part, encompasses those in an exceedingly drip like technology answer, system or elements, agriculture, etc. Finance-related solutions area unit around payments, distribution and innovative disposition, whereas farm knowledge analytics contains farm mapping, field operations and remote sensing involving interventions. Info platform start-ups area unit connected to the knowledge dissemination business.

Agri start-ups in India: Technology answer to factory farm problems:     

Agricultural start-ups in the Asian country area unit are still at an aborting stage, with regarding three hundred agripreneurs attempting to resolve multiple rising issues within the Indian factory farm scheme. The combined revenue of all Agri tech start-ups in Asian country is calculable to be  one hundred million USD, that may visit the ocean in an exceedingly market price over 350 billion USD.Thus, the chance to scale and disrupt is large. The Asian country has created a robust name for itself within the international start-up community. It ranks amongst the highest 5 countries within the world in terms of the range of start-ups based. It’s calculable that Asian country homes around four, 200 start-ups, making over eighty-five. By 2020, the quantity of start-ups in Asian countries is projected to extend to with job creation from these entrepreneurs reaching 250–300 K by 2020.

Deciphering the main focus areas in Agri start-ups:

 Globally, agricultural technology start-ups area unit rife in agricultural biotechnology, on-line farm-to-consumer, farm management software package, sensing and IoT, robotics, mechanization instrumentation, novel farming systems, food safety, and traceability, etc. In 2019, the worldwide agritech investment figure stood at 23 billion USD. Asian country continues to be among the highest six countries globally, with the best range of deals in agricultural technology. (The US, Canada, the UK, Israel, and France comprise the opposite 5 countries.)

Conclusion:

We find that several start-ups leverages has massive knowledge promptly accessible in agriculture and use newer technologies like computing in analyzing satellite pictures, assembling and synthesizing public and personal datasets in one platform, conducting on-the-spot observation and assessment of crop and soil info, and/ providing higher resolution estimates victimization techniques like prophetical analytics. Agricultural start-ups have more and more vital sensible implications for rural property professionals, presenting each opportunity and challenge.